ADVISERS WANT to raise a £30,000 fighting fund to take a tax battle to the Court of Appeal.
Francis Clark has set up the fund to continue a tax dispute between its clients Lockyer and Robertson (as the personal representatives of N Pawson, deceased) against HM Revenue & Customs.
The Pawson case concerns a deceased taxpayer - Nicolette Pawson - and family, who owned a bungalow near Alderburgh. The bungalow was used primarily for holiday lettings.
HMRC interprets that furnished property lets must offer services to qualify as a business, or else the property would be subject to inheritance tax.
Pawson's estate argued that by offering a cleaner, caretaker and gardener, they provided ‘services' to holidaymakers.
Pawson's estate won the case in the First Tier Tribunal, but lost in the Upper Tier.
The family has one month to lodge an appeal.
Email Pawsonfightingfund@francisclark.co.uk for more information about the fund.
Sign up for Financial Director email alerts
Please enter your email below to receive your profile link
Search by job title, salary, or location - we only list senior financial roles
Our panel of experts explore the major pension pain points and discuss what actions finance professionals should be taking in order to alleviate them
This Financial Director web seminar with Anaplan, the planning cloud for sales, finance, operations, and HR discusses how businesses can use enterprise data
Send to a friend